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Oct 9, 2012
10/12
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it is a day to play defense more than offense. discretionary and technology lagging the broader markets. technology essentially getting hammered, down 1.5%. netflix under serious pressure after seeing big gains earlier in the week. stocks a down grade this morning and this comes after an upgrade yesterday. herb greenberg is here with more on that. what is going on with the flix? >> that's right. you have the under perform today and yesterday was the analyst with the out performer overweight and what's beautiful about this, and it is something brian sullivan and i will be talking about later on street signs. the analysts disagree about whether amazon is or is not competition. what really matters here is this. that is whether netflix growth is either slowing or about to really slow. as a right today on cnbc.com at the current subscription levels they could be close to triggering what i like to call the chainos rule, who for years pointed one thing out to me. when a growth company sells 25 to 30 million products, it is pretty much al
it is a day to play defense more than offense. discretionary and technology lagging the broader markets. technology essentially getting hammered, down 1.5%. netflix under serious pressure after seeing big gains earlier in the week. stocks a down grade this morning and this comes after an upgrade yesterday. herb greenberg is here with more on that. what is going on with the flix? >> that's right. you have the under perform today and yesterday was the analyst with the out performer...
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Oct 12, 2012
10/12
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>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the next hour. >>> wells fargo beating estimates but missing on revenue, company's conference call is just wrapping up. kayla tausche is monitoring that back at hq with details. >> a tough quarter at wells. the, kr eo expressing confidence in a housing recovery but not as robust as he would like. they expected the mortgage lender to benefit more. non-interest income was down and wells decided to keep $9.8 billion in fannie freddie conforming mortgages on its books instead of selling them and actually forfeited some $200 million in fees for well. cfo tim sloan said
>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the...
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Oct 8, 2012
10/12
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in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along the path, looks like i
in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june...
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Oct 10, 2012
10/12
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maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has stocks to critique, and he has just seconds to do it. ♪ in 60 and he knows it find out if he can, when "squawk on the street" returns. smart comes with 8 airbags, ♪ in 60 and he knows it and the world's only tridion safety cell which can withstand over three and a half tons. with can ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ tight turning, fun to drive 2013 smart. at the guaranteed's lowest price.attresses plus, pay no interest for 3 years on the best brand-name mattress sets. get your best rest ever from sleep train. ♪ your ticket to a better night's sleep ♪
maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has...
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Oct 11, 2012
10/12
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goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if you're viewing that, okay. and that was after they cut the assets from 50 billion down to 15 billion. it is a significant deleveraging and even with that, the other rating firms took negative action. so you can say -- by the way, we have 24, 27 notches in our ratings scale. we downgraded them one notch. okay? one notch. i think it was from bbb to bbb-minus. that's it. i'm sorry if the market overreacted to it. it is one notch downgrade. even though -- and that was post-mf global. the idea -- it is hard to argue with this -- that the environment has clanged for the middle tier institutional growth firm dealers. >> what happens next
goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if...